Tag: Malita investments
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Prime Minister buys Malita Investments stock
Shareholders of the wrecked and convoluted public real-estate vehicle of Malita Investments (MLT) have a new silver lining in the story about their investment. Prime Minister Robert Abela seems to have purchased Malita Investments stocks since the last time his declaration of assets was published in 2023. Amphora Media has published a searchable database of…
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Exclusive: Finance Minister in disagreement over new social housing scheme – developers to make a hefty profit
The Maltese Herald is in a position to reveal details about an ongoing controversy relating the new social housing scheme issued by the government through the Foundation for Affordable Accommodation. Three developers have resigned from the Malta Developers Association due to ongoing disagreements with other members of the construction lobby over this scheme. The members…
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Minister Roderick Galdes hides behind his family as his corruption is uncovered
Social Housing Minister Roderick Galdes is hiding behind “his family” after corruption revelations are finally catching up with him. Social Housing Minister Roderick Galdes has accumulated a significant property portfolio as Minister of Social Housing and is being accused of receiving properties as bribes. Like any other corrupt Labour Party politician, he has been hiding…
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Bank of Valletta yet in the middle of another government scandal
Bank of Valletta was extensively used by the Joseph Muscat administrations as a facilitator to the government’s corruption such as in the case of Steward Health Care in which Bank of Valletta gave a €36 million to Steward. Its previous Chief Risk Officer, Miguel Borg, was fired over the incident and he was subsequently awarded…
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A brief look at Malita Investments
The chart of the stock price of Malita Investments looks like a slow train-wreck in the process. Unsurprisingly, the board has notable supports of the Labour Party including the ex-Chief Risk Officer who approved of a €36 million loan to Steward Health Care Malta. Current works by Malita Investments have been stalled and the Social…
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Malita Investments’ chart looks like a slow train-wreck in the making
Various press reports have been reporting that Malita Investments is in dire financial straits. We have not yet taken a look at the financials, and we will publish an article about this aspect durign the weekend. In the meantime, we have taken a look at the stock chart of Malita Investments and it looks like…
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Corrupt ex-taxman Marvin Gaerty to head Malita Investments
The corrupt taxman who was previously bribed by the Prime Minister’s friend and ex-business associate and drug dealer, Christian Borg, Marvin Gaerty is head to lead Malita Investments following the resignation of its chairman Johan Farrugia. Malita Investments is currently embroiled in a controversy over a stalled social housing project in Luqa wafter the company…
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Marlene Mizzi says she was fired as Malita Investments Chair after she confronted Minister Galdes over his interference
Marlene Mizzi, a previous Labour MEP and the wife of ex-Judge Antion Mizzi said in a statement that she was fired from her post of Chairperson of Malita Investments by Minister Roderick Galdes after confronting him over his interference and his backroom talks with the contractors of the company. She was referring to an article…
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Social Housing Minister travels to Singapore amid scandal and controversy
The Minister for Social Housing, Roderick Galdes has flown to Singapore with his partner and another Ministry official in what seems to be official and government business. He is doing so while being entangled in yet another scandal. One of the Minister’s flagship social housing projects, has stalled as the government company that is executing…
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Here’s James Camenzuli: the government bureaucrat who green-lighted the Vitals deal, and is STILL a government executive
It was never Robert Abela’s intention to clean up the government and repossess stolen state assets, so much so, that if it wasn’t for the Opposition, the deal with Steward would still have been ongoing. Bank of Valletta has made sure to dissociate itself from its past involvement in the deal by firing its chief…
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Here’s James Camenzuli: the government bureaucrat who green-lighted the Vitals deal, and is STILL a government executive
It was never Robert Abela’s intention to clean up the government and repossess stolen state assets, so much so, that if it wasn’t for the Opposition, the deal with Steward would still have been ongoing. Bank of Valletta has made sure to dissociate itself from its past involvement in the deal by firing its chief…
